Denver, June 30, 2025 – The Forbes M+A Group, a leading middle market advisory firm, is pleased to announce it served as the exclusive sell-side advisor to Glass Box Technology, a premier managed IT services and solutions integration provider, in its recapitalization and growth investment by Panther Equity Group and Genesis Park.
Founded in 2012, Glass Box Technology has earned national recognition for delivering end-to-end enterprise IT solutions, with a specialty in high-performance infrastructure, cybersecurity, and managed services. With long-standing client relationships across healthcare, financial services, and municipal sectors, Glass Box has built a reputation as a high-touch, results-driven Managed Services Provider (MSP) and Value Added Reseller (VAR).
The recapitalization provides Glass Box with growth capital, strategic leadership, and long-term alignment to expand services, enhance go-to-market capabilities, and deepen value across its client base.
“From our inception 13 years ago, Glass Box has always put our clients’ best interests first,” said Steve Lee, Co-Founder. “We’re privileged to have found partners in Panther Equity Group and Genesis Park – firms that share our ethos and passion for delivering exceptional results without compromising the personalized, client-centric approach that lies at the heart of Glass Box culture. Like us, Panther and Genesis Park emphasize custom solutions, expert support, and business-aligned strategies. Partnering with Panther and Genesis Park enables us to accelerate innovation across our end-to-end managed and professional services, from architecture and deployment to monitoring and cybersecurity.”
John O’Hara, Co-Founder, added, “We’re excited to partner with Panther Equity Group and Genesis Park as we enter this next phase of growth. From day one, the alignment in values was clear. Their investment and strategic guidance will be instrumental as we expand our reach, enhance our capabilities, and continue delivering innovative IT solutions to our clients. We’ve built Glass Box on a foundation of determination, trust, and an unwavering focus on our customers and employees. We’re energized by this collaboration and ready to elevate our client impact together.”
The Forbes M+A Group guided Glass Box through a competitive process designed to meet the founders’ goals of partial liquidity, leadership continuity, and platform scaling. The firm provided full lifecycle transaction support, including financial positioning, investor readiness, CEO succession planning, and targeted buyer outreach—ultimately securing a deal that met the strategic, operational, and cultural priorities of the business.
“Forbes was more than a banker—they were an essential strategic partner,” said Steve Lee, Co-Founder. “They understood what made our company special, amplified that story in the market, and brought in the exact right partners. Their team was tireless, thoughtful, and incredibly effective at navigating every challenge. We trusted them completely and they delivered.”
“This was a highly nuanced transaction,” said Dan Roth, Managing Director at The Forbes M+A Group. “From complex shareholder alignment to strategic positioning in a fast-evolving IT landscape, our team helped Glass Box unlock options that preserved their legacy while amplifying their growth trajectory. It’s the kind of outcome we strive for on every engagement.”
“Glass Box Technology distinguishes itself in the MSP and solutions integration space with a sharp focus on strategic IT design, scalable solutions, and a deep commitment to cybersecurity,” noted David Eshaghian, Managing Partner at Panther Equity Group. “Their client-first philosophy and operational discipline make them an ideal partner. Panther is honored to have built a trusted relationship with Glass Box over the past several years, and we’re excited to formally support their next phase of growth alongside Genesis Park and John Marler, whose shared visions and values make this a powerful partnership.”
“We are thrilled to partner with Glass Box Technology at such an exciting point in their growth,” said Gina Luna, Managing Partner at Genesis Park. “Steve Lee, John O’Hara, and the entire team have built a company that combines deep technical expertise with a strong commitment to client success. We see tremendous opportunity to support their continued expansion and innovation in managed services, and we’re proud to align with a team that shares our values and long-term vision.”
About Glass Box Technology
Glass Box Technology is a leading managed services provider and IT solutions integrator based in Carlsbad, California. The company delivers tailored technology solutions across infrastructure design, cybersecurity, network architecture, virtualization, and cloud enablement. Known for deep client relationships and enterprise-grade performance, Glass Box serves healthcare, financial, and public sector organizations across the U.S. Learn more at www.gboxtech.com.
About Panther Equity Group
Panther Equity Group is a private investment firm focused on lower middle market businesses with strong leadership and growth potential. Panther partners with companies to accelerate scale, build operational value, and drive long-term returns. Learn more at www.PantherEquityGroup.com.
About Genesis Park
Genesis Park is a Houston-based investment firm managing two SBICs focused on equity and debt investments in founder- and family-owned companies. Genesis Park supports transformational growth through hands-on partnership and capital flexibility. Learn more at www.genesis-park.com.
About The Forbes M+A Group
The Forbes M+A Group is an award-winning advisory firm serving middle market companies nationwide. Known for its senior-led model and domain expertise, Forbes guides clients through mergers, acquisitions, capital formation, and recapitalizations. With offices in Denver, Salt Lake City, and Charlotte, Forbes brings particular depth in enterprise IT, managed services, VAR platforms, and digital transformation. Learn more at www.forbes-partners.com.